1105 Monroe St, Lake Elsinore, California 90230, Lake Elsinore, 90230 - 3 bed, 2 bath
ACTIVE$411,000
1105 Monroe St, Lake Elsinore, California 90230
3Beds
2Baths
1,587Sqft
3,485Lot
Year Built
1980
Close
-
List price
$411K
Original List price
$429K
Price/Sqft
$259
HOA
-
Days on market
-
Sold On
-
MLS number
RS25215284
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $411.0K(2th), sqft - 1587(50th), beds - 3(50th), baths - 2(50th).
GREAT LOCATION, WALKING DISTANCE TO THE LAKE, RESTUANTS, STORES, LAUNCH POINTE RECREATION AND HIGH SCHOOL. HOUSE NEED SOME TLC BUT GREAT INVESTMENT. HOUSE HAS 3 BEDROOMS AND 2 BATHROOMS WITH A WALK IN CLOSET IN PRIMARY BEDROOM. A GREAT OPEN FLOOR PLAN. BACK YARD HAS PLENTY ROOM FOR ENTERTAINMENT AND MOSTLY CEMENTED.!!!NO HOA!!!
Price History
Date
Event
Price
10/30/25
Price Change
$411,000-4.2%
09/11/25
Listing
$429,000
06/05/97
Sold
$36,000
Condition Rating
Poor
Built in 1980, this property is 44 years old. The listing explicitly states it 'needs some TLC' and the property analysis confirms it 'Requires Significant Renovation' due to 'Older Home Systems' (plumbing, electrical, HVAC) likely needing updating or replacement. While no interior images are provided, the age and the need for significant renovation strongly suggest that the kitchen and bathrooms are severely outdated and require full modernization, including appliances, fixtures, and finishes. The exterior image also shows signs of deferred maintenance. This aligns with the 'Poor' category, indicating substantial repairs and rehabilitation are needed, particularly for major systems and interior aesthetics.
Pros & Cons
Pros
Exceptional Walkability & Proximity: The property boasts a prime location within walking distance to Lake Elsinore, various restaurants, stores, Launch Pointe Recreation, and a high school, offering unparalleled convenience.
No Homeowners Association (HOA): The absence of an HOA provides significant financial savings and greater freedom for property modifications and usage, enhancing long-term affordability.
Strong Investment Potential: Explicitly noted as a 'great investment,' suggesting opportunities for value appreciation through renovation and market growth in a desirable area.
Desirable Open Floor Plan: Features a 'great open floor plan,' which is highly sought after for modern living, offering a spacious and connected feel.
Recent Price Adjustment: A recent price reduction from $429,000 to $411,000 indicates increased competitiveness and potential for a more attractive purchase for savvy buyers.
Cons
Requires Significant Renovation (TLC): The property 'needs some TLC,' implying immediate and potentially substantial investment for repairs, updates, and modernization to meet current market standards.
Limited Outdoor Green Space: The backyard is 'mostly cemented' and the lot size is relatively small (3485 sqft), which may not appeal to buyers desiring extensive green areas or larger outdoor living.
Older Home Systems: Built in 1980, the property likely features original systems (e.g., plumbing, electrical, HVAC) that may require updating or replacement in the near future, contributing to the overall renovation costs.